GENERAL23 Sept 2026
328% returns in 5 years! ICICI Securities sees 27% upside in this hotel stock, do you own? Check target price | Stock Market News
Chalet Hotels shares closed 1.20% higher at ₹883 on September 23, adding to a 4.7% gain in one week. ICICI Securities keeps a Buy rating with a ₹1,095 target, about 27% upside. The hotel chain plans to add 1,655 rooms by March 2030, and its hotel revenue may grow 15% a year until FY29. It's a broker view, so treat it as one input, not a promise.
Key Statutory Highlights
- Chalet Hotels shares closed 1.20% higher at ₹883 on BSE on September 23, after gaining 4.7% over one week.
- ICICI Securities maintained a Buy rating on the stock with a target price of ₹1,095 per share.
- ICICI Securities expects Chalet's hotel revenue to grow at a 15% CAGR over FY26 to FY29, reaching ₹26.9 billion in FY29.
Actionable Advice for Taxpayers / Founders:If you hold or are considering this stock, treat the brokerage target as one opinion only. Check your own holding period and risk with a certified financial expert before you buy or sell.
Statutory Disclaimer: TaxQue Shorts are AI-assisted editorial briefs for compliance awareness. This brief has not passed every source check; confirm the original notification before acting. This does not constitute formal legal or CA counsel.
TaxQue News Desk
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